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Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)

Part III : Association of Collective Investment Schemes

25. Application for association licence

 

(1) An association of persons carrying on the business of a collective investment scheme may apply to the registrar for an association licence.

 

(2) An application for the issue or renewal of an association licence must be made on the form determined by the registrar and be accompanied by the documents and the fee determined by the registrar: Provided that if a licence is issued after 30 June of a particular year one half of the annual fee is payable.

 

(3) A licence expires on 31 December of each year.